Sovereign debt holdings ‘significant’ driver of insurer risk, Bundesbank paper says
Risk from sovereign debt ‘not reflected’ in current insurance regulation
Risks in insurance companies' sovereign bond portfolios are "an important driver of insurer risk, which is not reflected in current insurance regulation", a working paper published this week by the Bundesbank says.
In On the exposure of insurance companies to sovereign risk, Robert Düll, Felix König and Jana Ohls present a novel panel dataset showing credit default risk for financial institutions and non-financial companies from 2008 to 2013 for nine countries: the US, Japan, the UK, Switzerland
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